what is the difference between economic-activities and non-economics activities ?
Answers
Answer:
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Explanation:
The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction. So, check out this article to get some more differences amidst these two types of human activities.
(1) Meaning
ECONOMIC ACTIVITIES- Activity performed to earn a livelihood.
NON-ECONOMIC ACTIVITIES- That activity is performed out of love, sympathy, sentiments, patriotism, etc.
(2) Purpose
ECONOMIC ACTIVITIES- Undertaken to earn money and satisfy physiological needs.
NON-ECONOMIC ACTIVITIES- Undertaken to satisfy psychological or emotional needs.
(3) Types
ECONOMIC ACTIVITIES- Business, profession, and employment.
NON-ECONOMIC ACTIVITIES- Social responsibility, religious responsibility, personal satisfaction, etc.
(4) Benefits
ECONOMIC ACTIVITIES- Money and wealth.
NON-ECONOMIC ACTIVITIES- self-satisfaction.
(5) Examples
ECONOMIC ACTIVITIES- A worker working in a factory.
NON-ECONOMIC ACTIVITIES- A boy helping an old man to cross the road.